Sensex back in green, Nifty regains 9,600; Smallcap index underpeforms

ICICI Bank, Cipla and Lupin were the best-performers on Sensex and added up to 2% on the BSE

The benchmark indices were trading marginally higher after a quiet start as Securities and Exchange Board of India (Sebi) on Monday proposed to bring in tougher regulations to squeeze the use of participatory notes, while negative trade in Asian markets, as volumes were muted due to holiday in Hong Kong and China, also contributed to losses. 

At 11:45 am, the S&P BSE Sensex was trading at 31,170, up 60 points, while the broader Nifty50 was ruling at 9,619, up 14 points. 

In the broader market, the S&P BSE Midcap gained 0.2%, while the S&P BSE Smallcap (down 0.1%) continued to